Amy M. McClain

HUD manages a portfolio of over 20,000 privately owned multifamily properties consisting of approximately 1.4 million rental units. Many of these properties were originally financed with FHA-insured or Direct Loans, including: Section 236 Mortgage and Section 202 Direct Loan.

This existing stock of affordable Section 202 and Section 236 housing is a critical resource for low-income tenants, including seniors and disabled households who might otherwise not have access to a safe and decent place to call home. Thousands of these properties have mortgages that are scheduled to mature within the next decade, putting at risk the affordability of tens of thousands of units.

The workshop will discuss the current issues involving HUD Preservation and discuss strategies for preserving long term affordability of these properties.

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